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March 30, 2007
SIERRA SHARES TRADING AT 5% BELOW UNITED OFFER
Shares in Sierra Health Services (Las Vegas, NV) closed at $41.17 on March 30, more than two points or 5% below the buyout offer of $43.50 per share made by UnitedHealth Group (Minnetonka, MN) three weeks ago—suggesting that investors are concerned over whether the deal will receive regulatory approval. The American Medical Assn. (Washington) has asked the Dept. of Justice to block the transaction (see story, this issue), and the DOJ confirmed that an investigation is under way.
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